Celse – Centrais Elétricas de Sergipe is the responsible for the construction and operation of the largest and most efficient thermal power plant in Latin America : The Porto Sergipe I power plant, located in Barra dos Coqueiros, Sergipe state.
Formed in September 2015 by EBRASIL (Eletricidade do Brasil) and by Golar Power (a joint-venture between Norwegian Golar LNG and the American investment fund Stonepeak Infrastructure Partners), the company will generate and sell energy generated through gas and steam turbines.
With a total investment in the order of R$ 6 billion, the Porto do Sergipe I power plant will enter into commercial operation in January 2020 and will be able to supply 15% of the energy needed by Brazilian Northeast region, thanks to its generation units capable to produce 1.551 MW
Celse was successful in the April 2015 energy auction, establishing 26 power purchase agreements with several distribution companies in Brazil. These agreements require the supply to start in January, 2020 and remain for 25 years.